7,9,11,13,15 Russell St Smith Falls, Ontario K7A 1E7

8155 sqft


Are you an investor looking for a turn key opportunity? Check out this combination 6 apartments plus 5 commercial units. 6 Apartments were completely gutted to exterior walls, new sub floor, fully insulated, electrical, plumbing as per code, modern kitchen cabinets, quartz countertops, commercial grade vinyl flooring throughout, fridge, stove, dishwasher, microwave- range-hood 2018, all apartments are on high efficiency heat pumps with ebb backup and tenants pay hydro. Unit 13 and 15 HVAC 2018. Seller has not lost any rent due to COVID. 4 of the 5 commercial units are fully tenanted. Total revenue $220,068.00 (this includes projected rent for unit 15 of $6K), Total expenses $38,991.38 with a net operating income of $181,076.62. Showings upon a successful agreement of purchase and sale only, please do not approach the tenants. (id:34628)


Business Type Residential
Business Sub Type Residential

Property Details

MLS® Number K21003085
Property Type Multi-family
Neigbourhood 01 - Rideau-St. Lawrence
Community Name Smith Falls
Equipment Type None
Features Office Space
Rental Equipment Type None


Age Age Is Unknown
Amenities Air Conditioning, Storefront
Exterior Finish Brick
Fireplace Present No
Foundation Type Poured Concrete
Size Interior 8155 Sqft
Utility Water Municipal Water


Access Type Road Access
Acreage No
Sewer Municipal Sewage System
Size Irregular 112.5x120.7
Size Total Text 112.5x120.7|under 1/2 Acre
Zoning Description C1 General Commercial



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